Indian Market likely to remain volatile - Microsec

Indian market is likely to remain volatile due to global Equity, Commodity and currency market volatility coupled with negative newsflows in Banking sector and some positive newsflows in IT.

Monthly Auto numbers to be announced early in the week is likely to give direction to auto stocks. Infosys may rally in the short term as Mr. Narayan Murthy is re-inducted as the executive chairman. In the longer term the company may turnaround post this development, hence investors should hold on to the stock.

Falling crude oil prices (Brent at ~$100/barrel) coupled with hike in petrol and diesel prices may raise appetite of long term investors in HPCL, BPCL, IOCL. We recommend long term investors to add these shares in portfolio with long term perspectives. Also, Buy Dabur, L&T, Tata Global, Swaraj Engines for investments.

Source : Equity Bulls

Keywords